Liquidity support and the financial crisis : the Indonesian experience

• Main Author: Djiwandono, J. Soedradjad
• Other Authors: S. Rajaratnam School of International Studies
• Format: Working Paper
• Published: 2009
• Subjects: DRNTU::Social sciences::Economic development::Indonesia
• Online Access: https://hdl.handle.net/10356/91221; http://hdl.handle.net/10220/4441
• Institution: Nanyang Technological University

During the Indonesian financial crisis, Bank Indonesia provided liquidity supports to banks facing liquidity problems. This paper argues that this policy became a public controversy because of the magnitude of the possible loss to the governement, which ultimately would have to be borne by the taxpa...